| Page | ||||
|---|---|---|---|---|
| Reference | and administrative | details | 1-2 | |
| Trustees' | report | 3-9 | ||
| Trustees' | responsibilities statement |
10 | ||
| Independent auditor's |
report | 11 - 14 | ||
| Statement | offinancial | activities | 15 | |
| Balance sheet | 16-17 | |||
| Statement | ofcash flows | 18 | ||
| Notes to the financial | statements | 19-29 |
| Trustees | Mr D B H Aspinall, | Chair | ||||
|---|---|---|---|---|---|---|
| Professor C M Longson | ||||||
| Mrs SSiegel Poulios | ||||||
| Dr D L Stables | ||||||
| Aspinalls Fiduciary |
Limited (resigned | 2 December 2021) | ||||
| Company | registered | |||||
| number | 08492424 | |||||
| Charity registered | ||||||
| number | 1151978 | |||||
| Registered | office | Oxnead Hall |
||||
| Oxnead | ||||||
| Norfolk | ||||||
| NR10 5HP | ||||||
| Independent | auditor | UNW LLP | ||||
| Citygate | ||||||
| St.James' Boulevard | ||||||
| Newcastle upon Tyne |
||||||
| NE1 4JE | ||||||
| Bankers | Unity Trust Bank | pic | ||||
| Nine Brindleyplace | ||||||
| Birmingham | ||||||
| B1 2HB | ||||||
| Cater Allen Limited | ||||||
| 2 Triton Square | ||||||
| Regent's Place | ||||||
| London | ||||||
| NW1 3AN | ||||||
| Solicitors | Stone King | |||||
| Boundary House |
||||||
| 91 Charterhouse | Street | |||||
| London | ||||||
| EC1M 6HR |
| Unrestricted | Total | Total | ||||||
|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | ||||||
| 2022 | 2022 | 2021 | ||||||
| Note | E | |||||||
| Income from: | ||||||||
| Donations | 421,219 | 421,219 | 27,368,318 | |||||
| Investments | 910,752 | 910,752 | 521,498 | |||||
| Total income | 1,331,971 | 1,331,971 | 27,889,816 | |||||
| Expenditure on: |
||||||||
| Investment management |
costs | 356,368 | 356,368 | 262,706 | ||||
| Charitable activities |
1,983,176 | 1,983,176 | 4,581,203 | |||||
| Total expenditure | 2,339,544 | 2,339,544 | 4,843,909 | |||||
| Net expenditure | before | net (losses) Igains on | ||||||
| investments | (1,007,573) | (1,007,573) | 23,045,907 | |||||
| Net (losses) / gains |
on investments | (3,973,678) | (3,973,678) | 4,742,250 | ||||
| Net movement | in funds | (4,981,251) | (4,981,251) | 27,788,157 | ||||
| Reconciliation | offunds: | |||||||
| Total funds brought |
forward | 64,698,071 | 64,698,071 | 36,909,914 | ||||
| Net movement | in | funds | (4,981,251) | (4,981,251) | 27,788,157 | |||
| Total funds carried forward | 59,716,820 | 59,716,820 | 64,698,071 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Note | E | ||||||
| Fixed assets | |||||||
| Intangible assets |
7,779 | 11,369 | |||||
| Investments | 59,971,083 | 57,098,820 | |||||
| 59,978,862 | 57,110,189 | ||||||
| Current assets | |||||||
| Debtors | 529,052 | 8,582,794 | |||||
| Cash at bank and | in hand | 1,870,402 | 2,162,758 | ||||
| 2,399,454 | 10,745,552 | ||||||
| Creditors: amounts | falling | due within one | |||||
| year | 10 | (1,693,232) | (2,557,269) | ||||
| Net current assets | 706,222 | 8,188,283 | |||||
| Total assets less | current | liabilities | 60,685,084 | 65,298,472 | |||
| Creditors: amounts | falling | due after more | |||||
| than one year | (968,264) | (600,401) | |||||
| Total net assets | 59,716,820 | 64,698,071 | |||||
| Charity funds | |||||||
| Unrestricted funds |
13 | 59,716,820 | 64,698,071 | ||||
| Total funds | 59,716,820 | 64,698,071 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Cash flows from operating | activities | |||||
| Net cash used in operating |
activities (see note 14) | 5,642,833 | (10,226,659) | |||
| Cash flows from investing | activities | |||||
| Dividends, interests and rents from investments |
910,752 | 521,498 | ||||
| Proceeds from sale of investments | 29,914,249 | 11,290,884 | ||||
| Purchase of investments | (36,760,190) | (2,362,360) | ||||
| Net cash (used in)/provided | by investing | activities | (5,935,189) | 9,450,022 | ||
| Change in cash and cash |
equivalents in |
the year | (292,356) | (776,637) | ||
| Cash and cash equivalents | at the beginning | of the year | 2,162,758 | 2,939,395 | ||
| Cash and cash equivalents | at the end of | the year | 1,870,402 | 2,162,758 | ||
| The notes on pages 19to 29 form part ofthese financial | statements |
| Unrestricted | Total | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2022 | 2022 | 2021 | ||
| Legacy | income | 421,219 | 421,219 | 27,368,318 |
| Unrestricted | Total | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2022 E |
2022f | 2021 E |
||
| Dividend | income | 817,187 | 817,187 | 462,907 |
| Interest | on investments | 93,565 | 93,565 | 58,591 |
| 910,752 | 910,752 | 521,498 | ||
| Total 2021 | 521,498 | 521,498 |
| Support | Total | Total | ||
|---|---|---|---|---|
| Grant giving | costs | funds | funds | |
| 2022 | 2022 | 2022f | 2021 E |
|
| Grants awarded | 1,772,157 | 206,019 | 1,978,176 | 4,569,203 |
| Grant administration | 5,000 | 5,000 | 12,000 | |
| 1,777,157 | 206,019 | 1,983,176 | 4,581,203 | |
| Total 2021 | 4,394,488 | 186,715 | 4,581,203 |
| Total | Total | |||||
|---|---|---|---|---|---|---|
| funds | funds | |||||
| 2022 | 2021 | |||||
| E | ||||||
| Staff costs | 11,206 | 16,313 | ||||
| Professional | fees | in support of grant | programme | 86,898 | 72,581 | |
| Administration | and | other professional | fees | 88,177 | 76,447 | |
| Sundry | costs | 614 | 2,251 | |||
| ITcosts | and | amortisation | 11,374 | 13,373 | ||
| Auditor's | remuneration | 6,750 | 4,850 | |||
| Auditor's | non-audit | costs | 1,000 | 900 | ||
| 206,019 | 186,715 |
| Unrestricted | Total | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2022 | 2022 | 2021 | ||
| Alzheimer's Society |
1,846,427 | |||
| Bethlehem Gallery |
98,600 | 98,600 | ||
| Birmingham Botanical Gardens |
54,000 | |||
| Bradford literature festival |
81,756 | |||
| Brain and Spine Foundation | 100,000 | 100,000 | ||
| Brook Young People | 100,000 | 100,000 | ||
| Cancer Research UK |
230,062 | |||
| Child Brain Injury Trust | 90,003 | |||
| Culture Squared CIC |
81,756 | 81,756 | ||
| Dame Kelly Holmes | 86,324 | |||
| Deaf Action | 100,000 | |||
| FareShare | 72,565 | 72,565 | ||
| Hospice Action | 148,000 | |||
| Music in Hospital and Care |
100,000 | 100,000 | ||
| Oxford Botanical Garden | 64,660 | |||
| Prostate Cancer UK | 98,920 | 98,920 | ||
| Spinal Injuries | 99,046 | |||
| Thrive | 100,000 | |||
| Tinnitus Association |
65,943 | |||
| TLC:Talk Listen Change | 99,929 | |||
| Tommy's | 244,786 | 244,786 | ||
| Two Ridings Community | Foundation | 495,000 | 495,000 | |
| University of Exeter |
150,000 | |||
| University of Leeds (Wild |
ingleborough) | 249,201 | 249,201 | |
| Winston's Wish |
100,000 | |||
| York Arboretum | 50,000 | |||
| Other grants &f50,000 |
399,329 | 399,329 | 1,016,338 | |
| Grants written back | (268,000) | (268,000) | ||
| Total 2022 | 1,772,157 | 1,772,157 | 4,382,488 |
| Staff costs | |||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| K | E | ||||
| Wages and | salaries | 12,525 | 25,408 | ||
| Social security costs | 2,555 | 2,290 | |||
| Contribution | to defined | contribution | pension schemes | 1,126 | 615 |
| 16,206 | 28,313 |
| 2022 | 2021 |
|---|---|
| No. | No. |
| Intangible asset | s | |
|---|---|---|
| Websitef | ||
| Cost | ||
| At 1 October 2021 | 17,952 | |
| At 30September | 2022 | 17,952 |
| Amortisation | ||
| At 1 October 2021 | 6,583 | |
| Charge for the year | 3,590 | |
| At 30 September | 2022 | 10,173 |
| Net book value | ||
| At 30 September | 2022 | 7,779 |
| At 30September | 2021 | 11,369 |
| Listed | |||
|---|---|---|---|
| investments | Cash | Total | |
| Cost or valuation | |||
| At 1 October 2021 | 55,633,580 | 1,465,239 | 57,098,819 |
| Additions | 28,320,122 | 8,440,068 | 36,760,190 |
| Disposals | (28,083,657) | (794,072) | (28,877,729) |
| Revaluations | (5,010,197) | (5,010,197) | |
| At 30September 2022 | 50,859,848 | 9,111,235 | 59,971,083 |
| 2022f | 2021 F |
|---|---|
| 529,052 | 8,582,794 |
| 10. | Creditors: amounts | Creditors: amounts | falling due within one year | ||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| E | |||||
| Grants awarded | but not yet paid | 1,629,895 | 2,503,868 | ||
| Accruals and deferred | income | 63,337 | 53,401 | ||
| 1,693,232 | 2,557,269 | ||||
| 11. | Creditors: amounts | falling due after more than one year | |||
| 2022 | 2021 | ||||
| E | |||||
| Grants awarded | but not yet paid | 968,264 | 600,401 | ||
| 12. | Reconciliation | ofgrants payable |
| Total | Total | |||||
|---|---|---|---|---|---|---|
| funds | funds | |||||
| 2022 | 2022 | 2021 | ||||
| E | ||||||
| Brought | Forward | 3,104,269 | 3,104,269 | 2,213,143 | ||
| Grants | awarded | in the | year (note 5) | 1,772,157 | 1,772,157 | 4,382,488 |
| Grants | paid or released | in the year | (2,278,267) | (2,278,267) | (3,491,362) | |
| Carried | forward | 2,598,159 | 2,598,159 | 3,104,269 |
| Statement of | funds - curr | ent year | ||||
|---|---|---|---|---|---|---|
| Balance at | ||||||
| Balance at 1 | 30 | |||||
| October | Gains/ | September | ||||
| 2021 | Income | Expendituref | (Losses) | 2022 f. |
||
| Unrestricted | funds | |||||
| General funds | 64,698,071 | 1,331,971 | (2,339,544) | (3,973,678) | 59,716,820 |
| Balance at | ||||||
|---|---|---|---|---|---|---|
| Balance at | 30 | |||||
| 1 October | Gains/ | September | ||||
| 2020 | Income | Expenditure | (Losses) | 2021 | ||
| E | E | E | ||||
| Unrestricted | funds | |||||
| General funds | 36,909,914 | 27,889,816 | (4,843,909) | 4,742,250 | 64,698,071 |
| 2022 | 2021 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| E | |||||||||||
| Net income/(expenditure) |
for | the | year | (as | per | Statement | of Financial | ||||
| Activities) | (4,981,251) | 27,788,157 | |||||||||
| Adjustments for: |
|||||||||||
| Amortisation charges |
3,590 | 3,518 | |||||||||
| (Gains)/losses on investments |
3,973,678 | (4,742,250) | |||||||||
| Dividends, interests |
and | rents | from | investments | (910,752) | (521,498) | |||||
| (Increase)/decrease | in debtors | 8,053,742 | (8,571,780) | ||||||||
| (Decrease) / increase |
in | creditors | (496,174) | 909,792 | |||||||
| Donated investments |
(25,092,598) | ||||||||||
| Net cash provided | by/(used | in) operating | activities | 5,642,833 | (10,226,659) |
| 2022 | 2021 | |
|---|---|---|
| E | ||
| 1,870,402 | 2, | 162,758 |
| At 1 | At 30 | |
|---|---|---|
| October | September | |
| 2021 | Cash flows | 2022 |
| 2,162,758 | (292,356) | 1,870,402 |